ROBEC: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ROBEC
Largest movements
- Cash +€35,650
up €35,650 (+20.3%), from €175,808 to €211,458
mainly Trade debts (+€20,673) and Other debts (+€15,733)
- Receivables within one year -€9,466
no longer reported in 2025 (was €9,466)
- Debts after one year -€24,724
down €24,724 (-39.2%), from €63,143 to €38,418
- Trade debts +€20,673
up €20,673 (+796%), from €2,598 to €23,271
- Other debts +€15,733
up €15,733 (+89.2%), from €17,646 to €33,379
- Reserves +€6,531
up €6,531 (+2.8%), from €236,255 to €242,786
- Gross operating margin +€2,279
up €2,279 (+9.1%), from €25,045 to €27,324
- Taxes +€1,472
up €1,472 (+52.8%), from €2,787 to €4,260
- Financial charges -€667
down €667 (-23.0%), from €2,901 to €2,234
- Financial income +€529
up €529 (+63.6%), from €832 to €1,361
- Depreciation -€360
down €360 (-2.5%), from €14,183 to €13,822
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €395,743 | €418,507 | +€22,764 | +5.8% |
| Fixed assets | 21/28 | €209,341 | €207,049 | -€2,292 | -1.1% |
| Tangible fixed assets | 22/27 | €199,341 | €197,049 | -€2,292 | -1.1% |
| Land and buildings | 22 | €197,978 | €187,904 | -€10,074 | -5.1% |
| Plant, machinery and equipment | 23 | - | €7,482 | +€7,482 | |
| Furniture and vehicles | 24 | €1,362 | €1,663 | +€301 | +22.1% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €186,402 | €211,458 | +€25,056 | +13.4% |
| Amounts receivable within one year | 40/41 | €9,466 | - | -€9,466 | |
| Other amounts receivable | 41 | €9,466 | - | -€9,466 | |
| Cash at bank and in hand | 54/58 | €175,808 | €211,458 | +€35,650 | +20.3% |
| Deferred charges and accrued income | 490/1 | €1,128 | - | -€1,128 | |
| Total equity and liabilities | 10/49 | €395,743 | €418,507 | +€22,764 | +5.8% |
| Equity | 10/15 | €285,819 | €292,350 | +€6,531 | +2.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €236,255 | €242,786 | +€6,531 | +2.8% |
| Distributable reserves | 133 | €236,255 | €242,786 | +€6,531 | +2.8% |
| Profit (loss) carried forward | 14 | €43,367 | €43,367 | = | 0.0% |
| Amounts payable | 17/49 | €109,924 | €126,157 | +€16,233 | +14.8% |
| Amounts payable after more than one year | 17 | €63,143 | €38,418 | -€24,724 | -39.2% |
| Financial debts | 170/4 | €63,143 | €38,418 | -€24,724 | -39.2% |
| Amounts payable within one year | 42/48 | €46,781 | €87,739 | +€40,958 | +87.6% |
| Current portion of amounts payable after more than one year | 42 | €24,038 | €24,724 | +€687 | +2.9% |
| Trade debts | 44 | €2,598 | €23,271 | +€20,673 | +796% |
| Suppliers | 440/4 | €2,598 | €23,271 | +€20,673 | +796% |
| Taxes, remuneration and social security | 45 | €2,500 | €6,365 | +€3,865 | +155% |
| Taxes | 450/3 | - | €3,851 | +€3,851 | |
| Remuneration and social security | 454/9 | €2,500 | €2,514 | +€14 | +0.6% |
| Other amounts payable | 47/48 | €17,646 | €33,379 | +€15,733 | +89.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,183 | €13,822 | -€360 | -2.5% |
| Other operating charges | 640/8 | €1,870 | €1,839 | -€31 | -1.7% |
| Gross operating margin | 9900 | €25,045 | €27,324 | +€2,279 | +9.1% |
| Operating profit (loss) | 9901 | €8,992 | €11,663 | +€2,671 | +29.7% |
| Financial income | 75/76B | €832 | €1,361 | +€529 | +63.6% |
| Recurring financial income | 75 | €832 | €1,361 | +€529 | +63.6% |
| Financial charges | 65/66B | €2,901 | €2,234 | -€667 | -23.0% |
| Recurring financial charges | 65 | €2,901 | €2,234 | -€667 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €6,923 | €10,791 | +€3,868 | +55.9% |
| Income taxes | 67/77 | €2,787 | €4,260 | +€1,472 | +52.8% |
| Profit (loss) for the period | 9904 | €4,136 | €6,531 | +€2,395 | +57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,136 | €6,531 | +€2,395 | +57.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.